Pittenger & Anderson Inc. raised its position in American Water Works Company, Inc. (NYSE:AWK – Get Rating) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,375 shares of the utilities provider’s stock after acquiring an additional 945 shares during the quarter. Pittenger & Anderson Inc.’s holdings in American Water Works were worth $3,281,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in AWK. Compagnie Lombard Odier SCmA acquired a new stake in American Water Works in the fourth quarter valued at $25,000. Industrial Alliance Investment Management Inc. acquired a new stake in American Water Works in the fourth quarter valued at $31,000. Consolidated Planning Corp acquired a new stake in American Water Works in the third quarter valued at $38,000. Kozak & Associates Inc. acquired a new stake in American Water Works in the third quarter valued at $41,000. Finally, TCI Wealth Advisors Inc. lifted its stake in American Water Works by 38.1% in the fourth quarter. TCI Wealth Advisors Inc. now owns 261 shares of the utilities provider’s stock valued at $49,000 after acquiring an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 82.77% of the company’s stock.
NYSE:AWK traded up $1.73 during mid-day trading on Thursday, reaching $145.77. 67,408 shares of the company’s stock were exchanged, compared to its average volume of 1,019,073. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.47 and a current ratio of 0.52. American Water Works Company, Inc. has a one year low of $142.63 and a one year high of $189.65. The firm has a market capitalization of $26.49 billion, a PE ratio of 20.32, a price-to-earnings-growth ratio of 4.12 and a beta of 0.44. The business’s fifty day simple moving average is $159.26 and its two-hundred day simple moving average is $164.79.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Shareholders of record on Tuesday, May 10th will be issued a $0.655 dividend. This is a positive change from American Water Works’s previous quarterly dividend of $0.60. This represents a $2.62 annualized dividend and a yield of 1.80%. The ex-dividend date is Monday, May 9th. American Water Works’s dividend payout ratio (DPR) is currently 36.95%.
A number of analysts have recently issued reports on the stock. UBS Group upgraded shares of American Water Works from a “sell” rating to a “neutral” rating and cut their target price for the stock from $164.00 to $161.00 in a research note on Monday, February 7th. Zacks Investment Research upgraded shares of American Water Works from a “sell” rating to a “hold” rating and set a $163.00 target price for the company in a research note on Wednesday, February 9th. Wells Fargo & Company raised their target price on shares of American Water Works from $148.00 to $156.00 and gave the stock an “underweight” rating in a research note on Tuesday, April 19th. Barclays cut their target price on shares of American Water Works from $187.00 to $166.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 9th. Finally, HSBC upgraded shares of American Water Works from a “hold” rating to a “buy” rating and cut their target price for the stock from $190.00 to $182.00 in a research note on Wednesday, February 23rd. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $174.00.
American Water Works Profile (Get Rating)
American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.
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